Nevada

  • Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO)– An intermediate gold producer in the making

    Many companies struggle to stand out from the crowd.

    After all, there are tens of thousands of shares listed on markets globally.

    For a select few, however, getting noticed is not a case of “if” but “when”.

    See, some stories are just too good to remain untold.

    Some stocks simply offer such a compelling narrative and so much upside potential at such modest valuations that the investment opportunity is clear.

    Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO) is one such opportunity, and the market is only now waking up to the enormous potential it offers.

    How Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO) became one of the market’s brightest opportunities

    Fiore’s (TSX-V:F│OTCQB:FIOGF│FSE:2FO) story kicked off with a bang back in 2016 when it acquired three gold assets in a distressed sale.

    The previous owner had spent upwards of US$100 million on this portfolio, but Fiore bought all three projects for just US$5 million.

    This is hugely impressive by anyone’s standards.

    Yet the investment gets better the more you read.

    Fast-forward four years, and Fiore has turned its portfolio into one of the gold market’s brightest opportunities.

    The company’s two primary assets – the producing Pan Gold Mine and the Gold Rock exploration project – are located adjacent to each other in Nevada.

    Pan already contributes over 40,000 ounces (“oz”) of gold production each, allowing Fiore to generate US$4 million operating cash flow in the most recent quarter alone!

    This has provided the firm with an incredible boost.

    Where nearly all of its competitors are at the mercy of the market to raise funds, Fiore has been able to support exploration internally over recent years.

    2020 is no different.

    For Fiore is now completing a fully-funded US$2 million drill campaign that aims to increase gold reserves and resources at Pan considerably.

    Meanwhile, with permits in hand and a preliminary economic assessment (“PEA”) completed, Fiore also plans to complete drilling and a feasibility study at Gold Rock using internal funds.

    Just imagine that.

    A gold producer with massive exploration upside and minimal to no dilution!

    Moving away from Nevada, and Fiore’s third, largely overlooked project – Golden Eagle – sits in Washington State

    With a 2-million-ounce measured and indicated resource, Golden Eagle would represent a strong flagship project for any junior gold firm.  The fact that it is just one of Fiore’s several top-tier opportunities speaks measures to the company’s quality and potential.

    Fiore Gold’s (TSX-V:F│OTCQB:FIOGF│FSE:2FO) magic formula

    So, why should Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO) be at the top of your buy list?

    It all comes down to the company’s realizable ambition of producing 150,000 ounces (“oz”) of gold a year by 2023.

    Pan already produced 41,491oz of gold in 2019. Mine-optimization carried out by Fiore in recent years is now helping to increase this figure significantly. Production already hit a record 12,085oz in the most recent quarter, and the company is now guiding 45-48,000oz for fiscal 2020.

    Meanwhile, as it is already fully permitted, Gold Rock is expected to be production-ready by 2023 following the release of a Preliminary Economic Assessment (“PEA”) earlier this year. When this occurs, the project is expected to deliver a further 50-60,000oz of gold annually.

    Not only could this more than double Fiore’s output, but it would also make it the only company listed in Canada or America with a US-only, multi-asset gold production base.

    Talk about putting America first!

    Beyond this, Fiore is now hunting for another US-based, near-term project that can take it beyond the all-important 150,000oz gold production target.

    In parallel to this, Fiore is targeting a joint venture for Golden Eagle with two larger, reputable producers.

    Golden Eagle sits next to an internal resource held by Hecla Mining (NYSE:HL) and infrastructure owned by Kinross Gold (NYSE:KCG).

    An excellent opportunity exists for Fiore, Hecla and Kinross to consolidate their projects into a separate, stand-alone listed vehicle.  This could create one of only a small number of, multi-million-ounce gold projects with existing infrastructure in the US.

    As you can see in the table below, Golden Eagle is already the country’s sixth largest resource held by a junior miner, with the second highest grade! A combination with Hecla and Kinross would look even better.

    And this is all happening while the gold price surges…

    A bull-run in its earliest stages – Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO) 

    Fiore Gold (TSX-V:F│OTCQB:FIOGF│FSE:2FO) has enjoyed a recent surge in market interest.

    By the end of April, the company’s shares had risen 180% over the previous year.

    But what if there is reason to believe this strong run could continue to accelerate long into the future?

    With the operational progress Fiore is consistently continuing to make, the signs are all there that this well-run company will deliver on its ambitious plans.

    That could very well be the trigger for some very interesting action in the market.

    If we compare Fiore’s market cap to its producing peers, a picture starts to develop of what might be possible.

    Look at the table below, which pits Fiore against a select group of junior gold firms producing fewer than 150,000oz of gold equivalent annually as at 21 May 2020.

    Peer group of select sub 150kozpa AU Eq producers

    At US$65 million, Fiore sits right at the bottom of the table – much smaller than its closest comparator, Great Panther (NSYE:GPL), and far below the peer group average of US$376 million.

    A similar picture continues to present itself in the two graphs below.

    These compare the same group of companies’ enterprise value to their projected 2020 production and their share price relative to their operating cash flow per share.

    2020 production guidance based on each company’s mid-point estimate for 200 (pre-COVID), using 110 Ag:Au ratio Source: Company Reports, S&P Capital IQ. Figures calculated as of 21 May 2020.

    In both cases, Fiore is considerably below the average, and positioned towards the very bottom of its group of peers.

    The three comparisons all point towards one conclusion – Fiore looks undervalued.

    However, an upside move could be just around the corner.

    With no debt and working capital of US$28 million, the market is attributing just US$55 million of enterprise value to Fiore’s entire portfolio at its current valuation.

    Pan stand-alone delivered US$6 million of operating cash flow in Q2 2020, demonstrating significant annualized cash flow potential.

    Gold Rock’s recent PEA gave it an NPV of US$77.2 million at a US$1,600 gold price.

    When you also consider Golden Eagle’s 2-million-ounce resource, it is obvious that the market has not yet understood Fiore’s ambitious, well-defined, largely internally-funded strategy, and its upside potential.

    As the gold price continues to move from strength to strength, it seems only a matter of time before Fiore Gold’s (TSX-V:F│OTCQB:FIOGF│FSE:2FO) stock rerates higher to reflect its continued progress.

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    (This article was first publishedon Mining Maven's sister site ValueTheMarkets on 10 June 2020)

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    or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.

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    Authors: Ben Turney and Daniel Flynn

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    Ben Turney and Daniel Flynn do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. Ben Turney and Daniel Flynn have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of ValueTheMarkets.com, has been paid for the production this piece by the company or companies mentioned above.

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    Authors: Daniel Flynn and Ben Turney

    The Authors do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, does not own a position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, has been paid for the production of this piece by the company or companies mentioned above.

    MiningMaven.com and MiningMaven Ltd are not responsible for the article's content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance

     

  • Global Energy reveals plans to advance Tesla-neighbouring Nevada nickel/cobalt projects (GEMC)

    Global Energy Metals (TSX-V:GEMC) has unveiled plans to develop its nickel/cobalt projects near Tesla’s Gigafactory in Nevada. The firm hopes to complete an interpretation of work at the Lovelock and Treasure Box assets this year before carrying out 3D modelling and an inaugural drill program, and earning-in to an 85% interest in the assets.

    Lovelock is said to have produced 500ts of mineralisation between 1883 and 1890 when it was last in operation.   Global Energy believes exploration work and modern drilling techniques could unlock a large amount of potential value at the site.

    Treasure Box, meanwhile, sits adjacent to Lovelock and hosts mine workings from limited copper production, which occurred until early into the 20th century. A historical diamond drill hole at the asset reportedly intersected 1.52% copper over 85 feet, with mineralisation beginning at the surface.

    Work on the sites, which are based around 150 kilometres east of Tesla’s major battery factory in Sparks, follows an initial exploration at Lovelock last year. According to Global Energy’s president and chief executive Mitchell Smith, this confirmed the prospective potential of the overall land package and “indicated considerable promise”.

    “Given the scale and prospective nature of this battery minerals discovery, unlocking value from Lovelock and Treasure Box will now form as the primary focus of the company’s 2020 exploration plan,”  he added.

    Global Energy’s work will focus on an area central to Lovelock, with this area of emphasis set for expansion if initial assay results are encouraging.

    The company said that advancing and earning an 85% interest in the Nevada projects is key to its ultimate goal of developing a domestic supply of battery metals with a particular focus on cobalt.

    The global cobalt supply has become an area of serious concern because of its current over-reliance on the Democratic Republic of the Congo, where instability and human rights issues are rife. Firms are increasingly pulling out of or eschewing the country, even though alternative sources of the metal are currently limited. Against this backdrop, cobalt demand is expected to soar alongside the rise of electric vehicles.

    This creates an ideal dynamic for Global Energy, which is establishing a portfolio of cobalt projects in stable jurisdictions like the US, Canada, and Australia. Alongside its Nevada assets, the organisation owns 100% of the Millennium cobalt project and two neighbouring discovery stage exploration-stage cobalt assets in the established Mt. Isa region of Australia.

    Thanks to the unique positioning of its cobalt projects in stable jurisdictions, Global Energy looks set to enjoy a healthy combination of strong demand for its metals and rising prices due to the wider supply/demand dynamic.

    Author: Daniel Flynn

    The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, does not a position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, has been paid for the production of this piece by the company or companies mentioned above.

    MiningMaven.com and MiningMaven Ltd are not responsible for the article’s content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance

     

  • It’s all in the name – The EPIC money-making potential of Eclipse Gold Mining’s HERCULES project (TSX.V:EGLD | OTC:EGLPF | F:43J)

    Naming a project “Hercules” is a confident move.

    It immediately has a lot to live up to.

    The ancient Greek hero, famous for his epic adventures, was the superman of his time.

    Just saying his name invokes a sense of power and strength; an irresistible force.

    This inspiration was not lost on the founders of Eclipse Gold Mining (TSX.V:EGLD|OTC:EGLPF|F:43J).

    When they first identified the Hercules Gold Project in Nevada last year, they immediately knew they had found something special.

    For some mysterious reason, this “Hercules” was unloved.

    Underexplored and untested, this exploration license had slipped under the radar of other exploration companies for years.

    They missed its magnificent potential.

    The team behind Eclipse spotted it immediately and knew they had to get the drill bit turning as quickly as they could.

    Between them, these men have delivered over $4.5 billion in shareholder value in mining deals throughout their careers.

    Their area of specialist focus is Nevada, where a great deal of this massive wealth has been created.

    When it comes to recognizing the key attributes of what should make an extremely successful gold exploration project, there are very few teams out there who can compete.

    Armed with this experience and regional insight, Eclipse is in the foothills of what promises to be an exceptionally exciting journey.

    Vast deposits of GOLD hiding in plain sight?

    Nevada has long been an enormously active mining region.

    By now, it would be easy to assume that all of its most prospective ground has been scoured.

    However, this is not the case.

    There are still district-scale opportunities out there, if you know where to look.

    One of Hercules’ most electrifying features is the huge area of “outcropping” gold mineralization at the surface.

    This is plainly visible to the naked eye across the 85kmproject.

    Eclipse’s (TSX.V:EGLD | OTC:EGLPF | F:43J) chief executive Mike Allen says it is even possible to walk up and collect samples containing impressive gold grades without drilling.

    Yet despite this, work across the property has barely scratched the surface over the years.

    This is the best thing that could have happened for Eclipse and its shareholders.

    While some historic mining did take place at Hercules during the 1800s, technological limitations restricted this to only the very highest-grade ores.

    Over the years that followed, Hercules was split up and passed from one owner to another.

    However, that was the past.

    This is the present.

    By combining the entire Hercules project area into one company, Eclipse can develop the property as a single, enormous opportunity for the first time in modern history, using the latest exploration techniques and drilling technology.

    Eclipse Gold Mining: confirming and expanding value at Hercules (TSX.V:EGLD | OTC:EGLPF | F:43J)

    Eclipse (TSX.V:EGLD | OTC:EGLPF | F:43Jgot to work at Hercules immediately after taking it over.

    The firm began by putting historical exploration data covering more than 250 holes and more than 550 rock chip samples into one database.  It then combined these with results from its own geological mapping and surface sampling.

    The net results were outstanding.

    As the maps above show, Eclipse identified six key surface gold targets in the north of Hercules covering roughly 8km2.

    These boast regular gold samples of more than 3 grams per tonne (“g/t”).

    For context, anything over 0.5 g/t gold so close to the surface stands a good chance of being economically mineable, especially in a pro-mining jurisdiction like Nevada.

    Significantly, all of the targets present “epithermal-style veining” – typically indicative of the presence of a related, mineralized “epithermal system” beneath the earth’s surface.

    This is of critical importance.

    Mineralized epithermal systems are known to host some of the world’s leading gold mines.

    Eclipse believes Hercules could be next to join these ranks.

    See, the firm’s key premise is that all of the property’s targets arose from the same geological event and are joined at depth, creating one giant epithermal gold system.

    This is the exact sequence that created Comstock, a silver and gold lode found right next to Hercules considered to be among the greatest mineral discoveries in US history.

    If Eclipse’s instinct is correct, then we may be looking at Nevada’s next BIG GOLD DISCOVERY.

    The scale of the epithermal gold system at Hercules is not necessarily limited to the six existing targets, either.

    Eclipse’s work has already shown that this could be a district-scale geological feature.

    Surface sampling by the firm immediately began to identify significant mineralization in areas previously thought to be “dead” by historical operators.

    To test this theory, Eclipse’s experts turned to an innovative exploration method they had put to great success in previous ventures.

    They flew satellites over Hercules and the results were thrilling.

    By running “satellite hyper-spectral imaging” over the entire project area, Eclipse’s team has identified areas of elevated “sericite” throughout Hercules.

    Sericite is a mineral that appears to be closely associated with gold mineralization at Hercules.

    The colorful zones of elevated sericite in the above-left map match up almost precisely with the existing drill targets across the northern portion of Hercules (above-right).

    The anomalies continue all the way down through the length of the project, culminating in a huge area of showings at the southern border.

    The entire project area is literally littered with potential zones of gold mineralization.

    And remember, the original target zone was eight square kilometers!

    The potential is immense and the first set of drill results is highly encouraging.

    Eclipse drilled twelve holes over 3,271m, eleven of which returned significant shallow gold mineralization. These holes covered a wide area of Hercules and are further evidence we are now looking at this containing a large prospective gold system.

    Better yet, and the results correlate with the surface sampling work Eclipse had already completed. This is a great pointer that the company is heading in the right direction.

    With strong gold grades also coming in, the suggestion now is that Hercules could be sitting on the next bulk-tonnage gold mine in Nevada.

    The next phase of exploration in the second half of 2020 could be key to shareholders’ future fortunes.

    As Eclipse continues to step out beyond its known zones of mineralization, there is a strong chance that it will encounter more and more gold

    The impact on its share price could be phenomenal.


    (This article was first published on Mining Maven's sister site ValueTheMarkets on 19 June 2020)

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    This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

    Daniel Flynn and Ben Turney do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. Daniel Flynn and Ben Turney have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of ValueTheMarkets.com, has been paid for the production this piece by the company or companies mentioned above.

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    Authors: Daniel Flynn and Ben Turney

    The Authors do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, does not own a position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, has been paid for the production of this piece by the company or companies mentioned above.

    MiningMaven.com and MiningMaven Ltd are not responsible for the article's content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance

  • Power Metal secures strong Nevada position with two more acquisitions (POW, 2M5)

    Power Metal Resources (LON:POW | FRA: 2M5) on Thursday revealed it has signed an agreement to acquire two new exploration properties, building an exciting group of interests in Nevada.

    The firm is acquiring 100% of the Garfield copper-gold and Stonewall gold projects outright from Sunrise Resources (LON:SRES).

    Garfield is around 10km east of Hawthorne, a town in Nevada’s Mineral County. The project is located in a “prolific” mineral belt, Walker Lane, hosting several “world-class” deposits. Initial rock sampling returned results of up to 6% copper and 3.5 grams per ton (“g/t”) gold and 124g/t silver.

    One 26m trench at Garfield in 2016 returned a 22m 0.33% copper interval, including 2m sub-interval grading of 2.18% copper and a separate 2m sub-interval grading 1.2g/t gold. That trench is still open along strike, having ended in mineralisation, with no follow-up work since then,

    Power Metal is planning a phase 1 work programme at Garfield, including a “systematic soil geochemical survey”across the property to test mineralisation continuity between historic sampling. After that will come a trenching programme. The 2016 trench will re-open and will be extended.

    Stonewall, meanwhile, is about 15km to the south of the town of Goldfield in Nye County. Like Garfield, Stonewall is also situated in the Walker Lake belt. Not only that, but the project is under 60km from Tonopah’s silver deposits, which produced more than 138 million ounces of silver from 1900 to 1921.

    The project is centered on a milky-white quartz vein, around 1.2km in length and open along strike. Rock sampling at Stonewall returned anomalous gold-silver values, with up to 1.17g/t gold and 161g/t silver.

    Sampling there also found elevated mercury, “characteristic of the shallow parts of a low-sulphidation epithermal system”. Other evidence for a sizeable buried system include quartz vein widths, the mapped strike length, and “well-developed boiling textures found at surface”.

    To this end, Power Metal plans to conduct a diamond drilling programme at Stonewall, testing both the eastern extent and the broader system at depth.

    A new Nevada limited liability company will own the properties. It will be the local operating company for Power Metal’s wholly-owned Golden Metal Resources private UK subsidiary.

    Chief executive Paul Johnson said the buy increases the company’s metals exposure in Nevada, complementing the Golconda Summit gold property option announced on June 1.

    Golden Metal, as Johnson put it, “now has a trio of gold - silver - copper exploration projects, targeting major metal discoveries in Nevada USA”.

    The transaction’s terms include payment of £20,000 cash and £61,875 in shares to the vendors, with a price per share of 2.75p. Power Metal will also issue 2.25 million warrants to Sunrise with a 3.75p exercise price, with a two-year life to expiry.

    If Power Metal’s share price meets or exceeds 10p for five trading days, then the firm can give notice to exercise and pay for warrants or else they will be cancelled.

    In addition, the vendors retain a 2% net smelter return royalty over both properties, though Golden Metal can at any time repurchase 1% of the net smelter return royalty for each project for $1 million.

    Johnson said the company is set to shortly launch its Nevada ground exploration, “initially targeting near surface significant gold mineralisation at the Golconda Summit gold property”. After that, Power Metal will move onto initial mineral work programmes at Garfield and Stonewall.

    “Further updates to the market in this regard are expected in the near term,” Johnson concluded.

    Author: Anna Farley

    The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, owns a position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, has not been paid for the production of this piece by the company or companies mentioned above.

    MiningMaven.com and MiningMaven Ltd are not responsible for the article's content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance

  • Power Metal secures strong Nevada position with two more acquisitions (POW, 2M5)

    Power Metal Resources (LON:POW | FRA: 2M5) on Thursday revealed it has signed an agreement to acquire two new exploration properties, building an exciting group of interests in Nevada.

    The firm is acquiring 100% of the Garfield copper-gold and Stonewall gold projects outright from Sunrise Resources (LON:SRES).

    Garfield is around 10km east of Hawthorne, a town in Nevada’s Mineral County. The project is located in a “prolific” mineral belt, Walker Lane, hosting several “world-class” deposits. Initial rock sampling returned results of up to 6% copper and 3.5 grams per ton (“g/t”) gold and 124g/t silver.

    One 26m trench at Garfield in 2016 returned a 22m 0.33% copper interval, including 2m sub-interval grading of 2.18% copper and a separate 2m sub-interval grading 1.2g/t gold. That trench is still open along strike, having ended in mineralisation, with no follow-up work since then,

    Power Metal is planning a phase 1 work programme at Garfield, including a “systematic soil geochemical survey”across the property to test mineralisation continuity between historic sampling. After that will come a trenching programme. The 2016 trench will re-open and will be extended.

    Stonewall, meanwhile, is about 15km to the south of the town of Goldfield in Nye County. Like Garfield, Stonewall is also situated in the Walker Lake belt. Not only that, but the project is under 60km from Tonopah’s silver deposits, which produced more than 138 million ounces of silver from 1900 to 1921.

    The project is centered on a milky-white quartz vein, around 1.2km in length and open along strike. Rock sampling at Stonewall returned anomalous gold-silver values, with up to 1.17g/t gold and 161g/t silver.

    Sampling there also found elevated mercury, “characteristic of the shallow parts of a low-sulphidation epithermal system”. Other evidence for a sizeable buried system include quartz vein widths, the mapped strike length, and “well-developed boiling textures found at surface”.

    To this end, Power Metal plans to conduct a diamond drilling programme at Stonewall, testing both the eastern extent and the broader system at depth.

    A new Nevada limited liability company will own the properties. It will be the local operating company for Power Metal’s wholly-owned Golden Metal Resources private UK subsidiary.

    Chief executive Paul Johnson said the buy increases the company’s metals exposure in Nevada, complementing the Golconda Summit gold property option announced on June 1.

    Golden Metal, as Johnson put it, “now has a trio of gold - silver - copper exploration projects, targeting major metal discoveries in Nevada USA”.

    The transaction’s terms include payment of £20,000 cash and £61,875 in shares to the vendors, with a price per share of 2.75p. Power Metal will also issue 2.25 million warrants to Sunrise with a 3.75p exercise price, with a two-year life to expiry.

    If Power Metal’s share price meets or exceeds 10p for five trading days, then the firm can give notice to exercise and pay for warrants or else they will be cancelled.

    In addition, the vendors retain a 2% net smelter return royalty over both properties, though Golden Metal can at any time repurchase 1% of the net smelter return royalty for each project for $1 million.

    Johnson said the company is set to shortly launch its Nevada ground exploration, “initially targeting near surface significant gold mineralisation at the Golconda Summit gold property”. After that, Power Metal will move onto initial mineral work programmes at Garfield and Stonewall.

    “Further updates to the market in this regard are expected in the near term,” Johnson concluded.

    Author: Anna Farley

    The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, owns a position in the stock(s) and/or financial instrument(s) mentioned in the piece.

    MiningMaven Ltd, the owner of MiningMaven.com, has not been paid for the production of this piece by the company or companies mentioned above.

    MiningMaven.com and MiningMaven Ltd are not responsible for the article's content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance